While you were sleeping the entire global economy has gone south, and you are the last to find out:

seeing red

Don't take a shower, don't go to work, get on the phone to Mr. Broker and sell, sell, sell! This may be your last chance to get whatever you've got left before it is completely GONE!

Gooooooood Mooooorrrrrrnnnniiiinnnnnggg Viiieeeetttttnnnaaaaaammmm!!

-- @ (@@@.@), October 18, 1999

Answers

European bourses follow U.S., Asia south

"LONDON (CBS-MW) -- European bourses slid Monday on the back of a heavy fall from the Dow Friday, and weakness in Asia overnight. Analysts said speculation over the possibility of a major stock market correction was adding to uncertainty.

"It's a combination of an extremely weak Wall Street (Friday) and jittery Asian markets. There's also press speculation about whether there's a correction or a crash (underway)," said Martin Evans, London-based head of equity research at the stockbrokers Sutherlands Ltd."

more details...

-- @ (@@@.@), October 18, 1999.

Thank you @@@@@

I will be finishing my night shift in 3 hours, going for a slap up breakfast, buying a new computer at Comp USA (would you believe the full monty 400MHz for $99.95 - after $700 rebate! only in America!)

Then I will be going home, with a six pack, and watch the muppets on bubblevision do their stand up comedy routines :)

I feel sorry for the other joe 6 packs, the 401k and pension brigade, those with their son's and daughter's education tied up in these doomed funds...

The bubble has to be burst and it will happen, if not now then y2k will finish it off...

The trouble is all these folks listened to the sociopathic ddeckers of this world, the muppets on bubblevision EVEN NOW recommending buys... don't these Judas's CARE, have they no CONSCIENCE???????

It is sad.

-- Andy (2000EOD@prodigy.net), October 18, 1999.

Yes, Andy, it is sad. Most of them don't even know, and will never understand what is really happening.

I pray that they have

Godspeed,

but they don't.

-- Pinkrock (aphotonboy@aol.com), October 18, 1999.

"muppets on bubblevision".... bwaaaahh hhah haa haa!!

Yeah, it is too bad about those who thought they had something solid with a 401K, but they really should have realized that there are no guarantees on that type of equity. They are just victims of the unrealistic valuations overinflated by speculation and "irrational exuberance"... well, there's one I'll give Greenspin some credit for, he DID see it coming 3 years ago.

But I see it the same way as you do, sooner or later these overvaluations are going to be brought back down to earth by fundamentals. Even if they can manage to keep the confidence bubble inflated until next year, the disruptions to productivity caused by Y2K are going to bring it down eventually. We'll soon see.

$99.95 for a 400 mhz!! Awesome. Good time to buy cuz next year those parts are gonna get pricey, if they are even available.

Good luck with your Pot O' Gold!!

P.S. To everyone trying that link to the world markets "seiing red" you may not get through because it is overloaded, but believe me, it was VERY red all around the world.

-- @ (@@@.@), October 18, 1999.

They're 'jamming' the S&P Futures now (PPT). Futures up about 5, suggesting a Dow move of about +40 at the open.

They will use every weapon in the arsenal today to keep this market 'up' (avoid a crash). Every bullet will be spent.

Will it work? Ultimately, no. But I hope they can prevent a massive decline today for two reasons:

1. It gives the common folk another day to get out.

2. It allows me (another of the common folk) to leverage the downside. I prefer a nice steady decline to a one day wipeout.

-- Me (me@me..e), October 18, 1999.

Thats ridiculous.

So much money left the market because any regular market guy knows that october is always a downer and this one was going to be for sure being the 70"th anniversary of the crash. And y2k fears.

The money that left early will come back and propel the market back up when they think the panic crowd has thrown thier money away enough.

You are the last one to know the market was going to do this and now you are trying to get people to lose thier money by acting at this late moment.

Bad advice. I like your y2k posts, but not your market advice.

-- billburke (bburke@rocketmail.com), October 18, 1999.

The market is so unpredictable...it's up 66 points on the DJIA. America has NO clue.

Whatever...

-- Tim the Y2K nut (tmiley@yakko.cs.wmich.edu), October 18, 1999.

Could be a case of manipulation today. Dow up right now about 40, but the Nasdaq -35, Russell 2000 down almost 1%. Easy to prop up only 30 Dow stocks with futures games, but when the herd moves for the exits, nothing will help. Glad what little I have in it was pulled several months ago.

May not be today, but the inevitable will not be postponed indefinately. In all casinos, the players eventually lose.

-- Bill (bill@tinfoil.com), October 18, 1999.

Yeah PLEASE add to the problem...LIQUIDATE....help cause the crash or just plain make it worse!

-- Cory Hill (coryh@strategic-services.net), October 18, 1999.

Hello. I was looking at the Kitco gold options chart and I have some questions if someone could help. For example, let's say I bought one Dec380 call option that is 28 days from expiring. If I believe that gold will make a big enough move to be in the money late, can I assume I would have no problem selling my option (like even the day before) because someone will want the contract to take physical delivery? Thanks for any response.

-- help (help@me.please), October 18, 1999.

Cory,

"Yeah PLEASE add to the problem...LIQUIDATE....help cause the crash or just plain make it worse!"

You got that right. There are more people on this forum than you think who want these overinflated values to come back down to reality. There use to be a time when business and the economy were driving the stock market. Not so anymore, this whole game is out of control, to the point where the market is leading the economy, and the investors decide whether or not you have a job tomorrow.

Remember the old saying "if you can't beat, 'em join 'em"?

In our current situation, what works best for me and a lot of these other working stiffs is to turn it around...

"if you can't join 'em, beat 'em"

-- @ (@@@.@), October 18, 1999.

The DOW keeps dancing around 10,000 but the plunge protectors are scrambling like hell to keep it just above because they are scared to death of having it go back to 4 digits.

However, the NASDAQ shows what investors are truly feeling about the market right now, down nearly 100.

Sell, sell, sell, or it's gonna get ya in the long run!!!

-- @ (@@@.@), October 18, 1999.